3. Exchange Rate Effects on Investing. Explain how the appreciation of the Australian dollar against the U.S. doiiar would affect the return to a U.S. firm that invested in an Australian money market security. 4. Exchange Rate Effects on Borrowing. Explain how the appreciation of the Japanese yen against the U.S. dollar would affect the return to a U.S. firm that borrowed Japanese yen and used the proceeds for a U.S. project. - - -6. Bid/ask Spread. Utah Bank's bid price for Canadian dollars is S.7938 and its ask price is S.81. What is the bid/ask percentage spread? 9. Euro. Explain the foreign exchange situation for countries that use - 36 /37 PM Type here to search DOLL